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KUWAIT CITY, April 13: Insurance Regulatory Unit (IRU) Decision No. 24/2023 on increasing the mandatory car insurance fee is illegal, says MP Khalid Al-Anzi. Al-Anzi explained that the decision is a violation of Article Six of Law No. 67/1976 on authorizing the Interior Ministry to specify the regul
KUWAIT CITY, April 8: In a clear tone, the head of the Kuwait Chamber of Commerce and Industry, Muhammad Al-Saqer, sent messages diagnosing Kuwait’s situation politically and economically, to the point where he said that “with the exception of the catastrophe of the invasion, I believe that the disa
Report by Wakil-ur-Rehman Businessmen conducting trade along the Pakistan-Afghanistan border are forced to use two parallel payment systems. Afghanistan has been facing deepening financial crisis ever since the Taliban seized power, toppling the previous government in Kabul in mid-August this year. The crisis is becoming deeper because the country's international accounts and assets have been frozen by the United States and other key financial institutions. Kabul is facing an acute shortage of foreign currency, especially US dollars, to carry on normal trade with other countries. Meanwhile, th...